Question: Please show the formulas/steps to obtaining the answers. Problem 7: Maverick Jeans' demand manager decided to evaluate exponential smoothing. To maintain com- parability, she used

Please show the formulas/steps to obtaining the answers.

Please show the formulas/steps to obtaining the answers. Problem 7: Maverick Jeans'

Problem 7: Maverick Jeans' demand manager decided to evaluate exponential smoothing. To maintain com- parability, she used the data from problem 6 , copied below. Develop forecasts for months 5-12. Calculate the Bias and MAD. Use a starting forecast of 20 for month 4 and an alpha value of 0.2. (Note: Adjust all cell values to two decimal points.)

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